In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Campbell Soup announced that it plans to acquire Sovos Brands for $2.7 billion. The deal is Campbell's largest acquisition since 2018.
- Livekindly Collective, a New York-based plant-based food brands group, announced that it has acquired Alpha Foods, a plant-based meat company, representing its sixth food brand acquisition.
- High Brew Coffee, a Texas-based ready-to-drink cold brew coffee company, announced that Belly, a Central American multinational beverage company, acquired a 78% stake in High Brew Coffee.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is AB InBev (ZX Ventures).
- ZX Ventures was launched in 2015 as the global investment and innovation group of AB InBev, the leading global brewer.
- ZX Ventures provides its portfolio companies and best-in-class entrepreneurs and operators with access to AB InBev's network of subject matter experts, supply chain capabilities, route-to-market expertise, marketing properties, and partnerships to help them grow their businesses.
- Growth Equity Fund, which focuses on Agile Industry, Circular Solutions, and Direct to Consumer
- New Venture Fund, which invests in early-stage (Seed through Series B) ventures across Circular Ventures, Future of Socialization, and Agile Industry
- The Beverage Fund, which seeks to build a pipeline of high potential brands driving and accelerating the Company's beverage portfolio transformation
- Portfolio companies include:
- BanQu
- BioBrew
- Catalant
- Cutwater Spirits
- EverGrain
- GHOST Energy
- Goose Island
- Pensa Systems
- Super Coffee
[View source.]
